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will look at the new communist party of leadership in china and that impact on u.s.- china relations. hosted by the center for strategic and international studies in washington, this is an hour. i'd also like to recognize former ambassador to china jim sasser who's sitting right there, one of my close friends. thank you for coming, senator. glad to see you. well, the panel is a really good one, kurt campbell, assistant secretary of state for east asia and pacific affairs. he became -- came to that job in 2009, previously the ceo and co- founder of the center for a new american security. he was a professor at harvard, associate professor of public policy and international relations at the kennedy school. chris johnson, senior adviser and freeman chair in china studies here at csis. his most important public service, as far as i'm concerned, is he gave me a lot of help in preparing for the presidential debate. and i'll be -- always be grateful for that, chris. he's frequently advised senior white house, cabinet, congressional, military and foreign officials on chinese leadership and on beijing
-wage china when he was on the board of gateway computer. he wants to turn michigan into the same low wage environment we see in china. >> reporter: looking around here live at the scene at the capitol, you have teachers who took the day off from school to demonstrate. you have united auto workers. we saw several big trucks from the teamsters. a lot of people sympathetic to efforts of these workers out here making their voices heard, expressing their discontent with what has happened. governor snyder told me a short time ago this is in response to a ballot initiative you remember failed in november. that was proposition 2. it would have put collective bargaining in the michigan constitution. it would have made it untouchable by any kind of new legislation. that is part of the complaint from the democrats. they say it is politics and retribution. also the complaint you hear from democrats it happened so fast. it happened without the public having time for input. what you see on the lawn is something governor snyder referenced f there wasn't enough time for public input you wouldn't have all
.s. law, the americans with disabilities act of 1990. 126 countries, including britain, germany, china, and russia, have already ratified the un convention is a person with disabilities. bernard obermeyer of the who noted that the treaty rejected by republicans covers 15% of the world's population. >> people with disabilities make a 15% of the world's population and have worse health and socio- economic outcomes than people without disabilities. across the world, people with disabilities have for help, lower educational achievement, less economic participation, and higher rates of poverty and people without disabilities. this unacceptable situation must change. >> california has formalized its refusal to ensure the enforcement of federal effort begin immigration requests. on tuesday, attorney general kamala harris said state agencies are not required to -- comply with the program known as secure communities, where local authorities share fingerprints with immigration officials. the program led to the record deportation of around 400,000 people last year. striking care for workers at th
dollar funded battery marker a-123 systems is up for sale. the winning bid goes to -- china. so i asked was red china rising why u.s. taxpayers have to finance their battery companies. here's ann lee, author of "what the u.s. can learn from china," professor of nyu and visiting professor from beijing university and author kwof "death by china" and cnbc contributor. ann, let me go to you first. if we, the u.s. taxpayer and government are dumb enough to build a goofy battery company that goes bankrupt why shouldn't china scoop it up? >> i think this is a great story. first of all, taxpayer money wasn't wasted. all that money from the government went to help property plant and equipment here on american soil. and it's staying in america. chinese companies are not going to pack it up and move it to china. it's staying in the united states. they are going to hire u.s. employees to run it. that means more american prosperity. that's what we want. i think this is a win-win situation. the company that bought this is basically like the warren buffett of china. >> all right. let me get there. the
is leading the charge. i have met with what i think will be the next president of china. we have delegations from china to come here. we're sending delegations there. this is not just business as usual. we're getting detailed committees and proposals, a couple of the key states. we want good coming this way. we want good going out way. -- goods coming this way and we want goods going out that way. >> are you doing anything like that? >> we have been working on the north-south access. we have a biannual that denver works on that brings people together for cultural, business, intellectual exchange and focuses on mexico and chile and brazil. one of the great things we're missing right now, it is part of the root of this mess about it -- immigration. our partners are right there. those old movies where people -- there was the girl next door, and the hero tries to fall in love with some likely candidates. she turns out to be loyal and ticks down her hair and -- takes down her hair and glasses. that is mexico. brazil and you'll get all those countries, we have to go look at china. we have to reach
throughout china, even showed you numbers that said unlike yum, kentucky fried chicken, it hasn't seen any deceleration in china. these are my ears like i listen, these are my eyes, i've watched. howard schultz, call me crazy, made major fortunes investing with them, my bad. and then i heard the questions from the audience, i didn't even listen. what were they looking at versus what i was looking at? they were looking at john carter, i was looking at the new bond movie. one after another, they were all downbeat. is the expansion too rapid? is china any good? whether demand for expensive coffee is there. i was waiting for a guy to say, listen, that triple cappuccino stinks. if i were howard, i would tell them to take a hike. they were too negative versus what the company's up to. their pessimism? opportunity. starbucks was actually down. one time -- i have the apple ipad, you know, thing i'm like, wow, it's under 50. i mean, wow. terrific opportunity. ipad, i mentioned it, surprised one didn't come down and hit me over the head and knock me out. apple. if we're going off the fiscal cliff, w
owners in china. china overall is looking to bring parts of america to china. >> reporter: in 2010, this vineyard was up for sale. chinese investors bought it. now, 90% of the wine from here-- that's 9,000 cases-- is shipped to china. what does a chinese company want with a vineyard in napa valley? >> there's a big demand in china for luxury goods, for goods that are scarce, and for goods that are well made. rather than buying chinese-made products and sending our money over there, they're buying eir ican-made products and .ending their money back here. >> reporter: and the jobs stay here. re.and the jobs stay here. >> reporter: chinese firms, flush with cash, have invested $16.4 billion in the u.s. in the past decade, $1.3 billion in california companies, a record $560 million in just the past year. the chinese are also boosting the golden state's housing recovery. they've bought one out of every ean homes sold in the past year. >> compared to the high-end thiing like in beijing, this is not that expensive, though. r: reporter: di meng is a student at the university of oruthern ca
and tolerance. the pope also prayed china's new leaders will shington's ability to avert the fiscal cliff. on monday before closing for christmas, the dow lost 52 points, while the nasdaq dropped eight. >>> new taxes to help pay for the affordable health care act take effect january 1st. the average american won't be spending more money to the irs. the wealthiest 2% of americans and the health care industry will pick up most of the tab. >>> milk is a staple in every home, ask starting in the new year you could be paying twice as much for it. a government subsidy expires at the end of this year. unless congress extends it, the cost could skyrocket to above $7 a gallon, putting a major hirchlg on families already struggling to make ends meet. >>> bad news for retailers. holiday sales proved this year it was the weakest since 2008. one report put the increase at just 0.7%, are far below analyst predictions of 3% to 4%. superstorm sandy and the looming fiscal cliff disrupted the shopping season. >>> and if you are returning my holiday gifts, have your right and a lot of patience. usa today re
>> hewlett-packard, have your exits ready for yourself. >> bk? >> if you want to play china but don't want to buy the a shares, look at taiwan ewt. government is supporting that market. >> i'm melissa lee. thanks so much for watching. we have the ceo of lu lu. see you back here tomorrow night for more >>> i'm jim cramer. and welcome to my world. you need to get in the game. going out of business and he's nuts, they're nuts! they know nothing! i always like to say there's a bull market somewhere, and i promise -- "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends, i'm just trying to save you a little money. my job is not just to entertain but to coach you and teach you. so call mel at 1-800-743-cnbc. it is so easy to be negative right now! >> boo! >> incredibly easy. and when the gloom lifts. >> the house of pain. >> it almost feels like a reprieve from some sort of stock market death sentence. as it did today with the dow climbing 83 points. the nasdaq declined .77%. largely because of apple, mor
of china selected new leaders, the secretive process produced a new president, l.a. lakers fan married to a rock star. but china's foreign policies are likely to stay the same. number five, moment morsi, islamist group, became president of egypt. as his predecessor, dictator ousted by his people, went on trial from his hospital bed. morsi impressed the west by helping to broker the cease fire that ended an outbreak of warfare between hamas and israel. he then disappointed many by aawarding himself sweeping power s at home, triggering new outbursts in tahrir square. number four, israel and hamas brought fuel on the fiery west in the region. one side firing rockets. for the first time, israel felt vulnerable in jerusalem and tell aaveev. before the big guns of diplomacy helped to broker a cease fire. number three in europe, greece was the problem child that spent too much, saved nothing and threatened to take down the euro. new leadership, pay cuts, higher taxes as their weary government begs for more cash. committing to save the euro. it lives on, but for how long? >> the deadliest mont
out of the way. it's laissez-faire capitalism. but china is a communist country but it's also a capital country, just a different definition of capitalism, and singapore, where there's a strong collaboration between the government and the market, you have a different form of capitalism. places like brazil and india where there's a big social agenda, you have a different form. anyone europe, southern europe, northern europe, different forms, but in northern europe, the informed capitalism, where the government believes in strong social safety net, believes in paying for health care, believes in playing a role in determining what businesses grow or fail, and they're creating more jobs than we are. so we have to be careful when we, as we sometimes do in the united states, get up on our high horse and say we understand capitalism. actually what's going on in the world is a competition between different versions, and if our version produces more inequality, produces less growth, it's -- is seen as less fair and others are seep as more fair and producing growth, who do you think is
aren't you shopping? i question your patriotism. >> i bought enough stuff from china and thrown it away already. >> right now for valentine's day shopping we have to solve that long beach strike. >> clerical workers. >> you can't get things i want to start shopping for for valentine's day the moment christmas and hanukkah is over. you have to start shopping for the next day. that will be constrained because of the port strike. >>> when we come back, house majority whip kevin mccarthy did sign this offer from the gop. can he convince the white house to back the republican solution to the fiscal cliff? one more look at futures on a tuesday morning as melissa said. not a lot of data today. just wait until the next three days. it all starts with adp, jobs coming up later this week. more "squawk on the street" back in a minute. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy
's turn to the global economy. associated press reporting that china has surpassed the u.s. as the leading trade partner. this comes as china announces the inflation rate rose 2% one month alone. sign of an economy gaining strength. what does it mean? brenda buttner, anchor of "bulls and bears." i was reading this article where shoppers in beijing have seen the prices of vegetables double in one week alone. inflation is a problem over there. what is causing it? >> basically it's not a bad problem, it's growth. china has numbers we can only dream of, growth of about 8%, we're below 2%. their factory output was up 10%. retail sales, 15%. so it is basically growth driven not supply side driven which is the kind of inflation you want to see. it's only 2%, that is well below the target of 4% is. it came down from 6.7%. >> gregg: so it's an issue not really a problem and outweighed by the huge growth. how does the inflation american consumers if at all? >> we buy a lot from china. it may be that some of the input may be more expensive. we may have to pay more, but it's more that china is becomin
think the world will look like. it's fascinating. it shows china on the rise, the west in decline and china overtaking the united states in size of economy by the year 2030. here are the key findings of the new intel report. it's interesting reading. a majority of the world's population by 2030 will be out of poverty for the first time in world history. there will be wars over food and water and natural resores. populations will continue to rise and there will be recurring global economic crises but when you think about this, you think about how far we're going here. you've got asia, china in particular will be dominant. it will be stronger than its been anytime since middleages. there will be no more pax americana as its known. china will be a big driver and india will be growing like china is today. they talk about how the world is changing. it's like no other time since the french revolution. remember in the late 18th century, the industrial revolution, except it's happening more quickly. it's taking a tenth of the time for china and asia to rise quickly. let me read to you som
, as of right now china owns $1.15 trillion of our debt. then, number two on the list, is japan with $1.13 trillion of our debt. now, this is interesting. out of this debt number three on the list is opec. opec is an entity. that's the countries of ecuador and venezuela and india and bahrain and iran and iraq and kuwait and amman and qatar and saudi arabia and the u.a.e., algeria, ga been a, -- gabon, nigeria. they're now number three on the list and they own $267 billion of our debt. brazil comes in at number four, $250.5 billion. and then number five on the list, new to the list, the top five list, the caribbean banking centers. now own $240.4 billion of u.s. debt. by the way, caribbean banking centers are the bahamas, bermuda, cayman islands, netherlands and panama. this is who owns us. this is who owns our debt. and this is why on this side of the aisle, what we continue to say is the spending has to be dealt with. we have seen -- we've heard from everybody. we are hearing from economists all around the globe. and they repeatedly say what we are saying, what we've been saying for ye
and a half percent per year, suddenly it started going up 3% a year as china and india really kicked in. other things being equal, if you change the rate of emission of co2 to the atmosphere, the so-called airborne fraction, the fraction of the co2 that appears in the atmosphere should increase, simply because that quick injection of co2 causes the ocean surface layers to be relatively saturated so it can't get in to the ocean as fast as it used to. but what's actually happened in the last 12 years is the airborne fraction has plummeted. it's now only about 40%. the other 60% is disappearing. and it's not mostly going in to the ocean. the good fraction of it is being taken up, somehow, by the terrestrial biosphere. of i think that's because the -- we were doubling -- i think we're doubling down on the faustian bargain because we're fertilizing the terrestrial biosphere, both with the co2 in the atmosphere and the combination of that with more nitrogen which will spread in part of -- the nitrogen is being spread around by these aerosols which china and india are putting out and its actua
on china as part of his blessing and offered prayers for peace in syria, a solution to the crisis, and tolerance in china. the catholic church faces discrimination from the communist leaders. he also encouraged egypt to build a just and respectful societies. the archbishop is getting his first taste as leader of the archdiocese and baltimore. he celebrated his first christmas mass with hundreds of parishioners at the cathedral of mary our queen. he spoke on the meaning of christmas and the tragedy in connecticut. >> my heart was cells of the folks -- is with all of the folks, asking the lord to give them consolation and healing. certainly to let them know our solidarity with them in prayer. they have been inundated with so many things, phone calls, but what they and really need are our prayers'. >> he spent 11 years as bishop of bridgeport, conn. for jews, christmas is a day of volunteering. more than 600 took place. families prepared winter care packages for homeless shelters. they include scarfs and hats made by members of the community. organizers say it was important for the c
'm with the world journal. could you address growing chinese assertiveness in south china sea and east china sea? and given china just announced they will intercept the ship's that go into territorial waters. so are you going to participate in upcoming defense talks with chinese? and what message do you want to tell them? thank you. >> well, thank you for that question. of course the issues that are being placed today in a south china sea and other areas in the north and central, east asia, i think are quite complicated because of the nature of the territorial disputes, some of them historic, some of them now driven by the need for access to resources in those areas, and that's i think to some degree has motivated some of the activities that you see, seeing there. the u.s. position as you know is that we don't take sides on territorial disputes. there's many of those around the globe, not just in the south china sea. but we do want them resolve peacefully, without coercion. and that we call on all the parties there, including the chinese, to ensure that as they approach these problems that they
other. they discovered they were twin sisters separated from birth in china it is against the one of the girls was given up for adoption. they share mannerisms and they were married in the same year. the husband has the same first name. >> steve: and they dress alike. >> gretchen: what a fantastic story. the rest of the headlines ttook over 50 years for the murderer of a 7 year old to b brought to justice. jack mccullah will be sentenced for the murder. it is one of the oldest unsolved crimes. he was dismissed as a suspect but arrested last year after the investigation reopened. >> steve: meanwhile a 22 year old woman in oregon jumped in her car and drove off after two kids tried to rob her at gun point. the boys later to be found 7 and 11 years old. demanded money and her phone. >> i was afraid he would shoot my tires or window. i didn't think i was safe. >> brian: the boys were caught and turns out the gun was not loaded it is not known how they got the gun. they were turned over to their familis and the case is expected to go to jv court. >> brian: two students are accused of b
, laizzez-faire capitalism, milton friedman capitalism but other places, china is a communist country but it is also a capitalist country, just a different definition of capitalism. in places like singapore where there are small countries where there is a strong collaboration between the government and the market, a different form of capitalism. places like brazil and india where there's a big social agenda because they are developing. in southern europe, northern europe or different forms, in northern europe, the government believes in a strong social safety nets, believe in paying for health care, believe in playing a role in determining what businesses succeed or fail and yet those governments have budgets that are balanced and growing faster than we are and creating more jobs than we are. we have to be a little bit careful when we as we sometimes do in the united states that are high horse and say we understand capitalism, actually what is going on in the world is a competition between different versions and if our version produces more in the quality and less growth is seen as le
.n. security resolutions. he also talked about china's decision to the aircraft carrier in the obama administration shifted À la terry resources for the pacific region. this is a half-hour. >> well, good morning and allow hot. i am glad to be here to talk to you about the pacific command, where we are today to where we see ourselves heading in the future. since the last time i was here, we continue to move forward on the rebalanced initiative after as directed by president obama. the rebalanced rows on the strengths of the entire u.s. government, including policy, diplomacy, trade and of course security and that the area i work in. for me, the rebalanced has been and continues to be the strength of the relationships, adjusting our military posture and presents and employ new capacities to ensure we continue to effectively and efficiently contribute to the stability of the asia-pacific as we protect u.s. national interests. of course the keys to success of the innovative access agreement, greatly increased exercises, rotational presence increases come efficient force posture in yeste
to end the civil war in syria. now, remember, both russia and china have blocked u.n. attempts to force out the assad regime. now the russians say they are willing to meet with the syrian opposition. it could open the door for real u.n. action on the ground, action that could mean american involvement. we've got more details in a live report in just a minute. >>> but also, russia's president formally saying no to americans who want to adopt russian children. it is a heartbreaking development for hundreds of americans who are trying to adopt children from russian orphana orphanages. that is happening right now. president vladimir putin signed the adoption ban today. sadly, more than 50 americans who were in the final stages of adopting russian children, they are not going to be able to. and while those families certainly hoping that they're going to allow these adoptions to go through, the country's child rights commissioner says that those kids are going to stay in russia. so why are the russians doing this? the ban is considered a payback of sorts for an american law that was passed tw
: the latest export from china seems to be college students. more and more chinese scholars are attend iting american institutions these days. supporters say it helps the university pay their bills but critics argue this trend has a downside. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with uimited talk and text. by htc for $49.99. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >> harris: the hottest new thing in china seems to be the student, and at a time when student loan debt is greater than credit card debt, schools are increasingly looking overseas for a boost. according to a recent report, college kids from china now make up a quarter of all international students in american universities. the schools claim it helps with thei
the phrase suffering for your art. we found another example of that in china. snow sculptures put in hundreds of hours to carve masterpieces as part of a festival in the northeast in super cold conditions. >> it is -30 degrees celsius in this part of china and the sculptors are continuing to carve their masterpiece despite the plighting cold. >> i need to protect my face as much as possible. the cold weather and the uv light to make my face hurt. it will take about two weeks to return to normal after a go home. >> one of the works is a herd of stemmed -- of stallions. the kind this particular piece will be the largest in the world. this is another example of their icy art, a life-size to church, incredible detail by the incredibly dedicated. >> make sense of international news at bbc.com/news. >> funding for this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and union bank. >> at union bank, our relationship managers work hard to understand the industry you operate in, working to nurture new ventures and help provid
is that coming from because i see china coming back a little, maybe europe's done going down, we seem to be a little bit stalled. somebody's building something around this world. >> i think it's a matter of jabil being very competitive in the markets we serve and having sufficient diversification so that if one part of our business, for instance networking on telecommunications may be going through a lull or slower period with government spending and bess spending, capital spending down, we have some other parts of our business that are doing extremely well. you mentioned some of the mechanics business we're involved in which we call our consumer technology business. that has nothing to do with electronics so we don't have to sell any electronic hardware for those businesses to perform well. parts of our business are a reflection of the economy and other parts of our business are growing very robustly. so i'm very hopeful for the balance of the year and, you know, i think the company is diversified enough to take advantage of whatever opportunities are out there. >> okay. i am so glad
.d. in economics and if the economy is moving one way or another like china you might see copper moving lower but for the moment it needs to be that one area that sees a little strength. in terms of the broader market let's look at stocks would fall as a classes covered for you. it is a mixed bag. you can see microsoft straddling the flat wine. otherwise mcdonald's moving higher, banc of america, decent tech names like hewlett-packard flexing their muscles as well. hewlett-packard jumping 3%, $0.56, bottom fishing going on there, some of the story and until up nearly 2%, verizon and at&t are the weak links along with jpmorgan chase. traders at the stock exchange, cme group and nynex, gold traded as well, when gold dropped $26 overnight and continues through the day what was it like, floor? >> those guys were pretty busy today but $26 is not a huge move for $1,700 product. but clearly something is going on. liz: if it goes below $1,700 which is one of those levels gold bugs look at, that becomes a big deal. >> people have a love affair with round numbers. they get infected, $90 crude or $70 go
. >> brian: millions of dollars in a green company only to sell it to china? stewart varney with another waste of your money. he's coming up now. ♪ it's my favorite time of year again and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is cash back on top of other rewards i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? ♪ >> gretchen: if you are just waking up it is 17 minutes past the top of the is it like a fire sale on america interest? china buying up u.s. compani
around the fiscal cliff. >> susie: you do a lot of business in china, and you're very bullish on china. can your business in china offset any during you might have in your business from what goes on in the u. economy? >> probably not. i'm bullish in the auto business and the building trades, but that is not going to be enough to offset the fiscal cliff, and we're going to have to manage europe at the same time. >> susie: let's say there is no deal and the u.s. economy really slows down, or as some people say could go into a recession, how are you preparing for that possibility? >> we're trying to make those investments that are strategic, and holding back on our hiring because we don't know the growth rates. we're probably looking at the different ways to duce our poits from a logical standpoint, and we're trying to pull every lever to give us some latitude and leverage. >> susie: what deal would you like to see come out of washington? what would be best for your company? >> probably making certain that the tax increases don't go all the way down to the middle class. i think we've just
reports on police officers in china, and their accusations of widespread corruption by local officials. and jeffrey brown samples the poetry about greece's financial woes and its austerity measures. >> we'll hock the person to buy our bread. if you believe the headlines, then we're sunk. greece downgraded deeper into junk. >> ifill: that's all ahead on tonight's newshour.n >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: much of the world paused today to observe christmas. the day brought all the traditional rites of faith for christians and a new urgency to calls for calm in the troubled corners of the globe. thousands of the fait
some money to fix it. >> number five, china. is china slowing or is china leading the world? we do know that china will be the biggest economy in the world by 2020, for sure by 2030. >> china. >> china. >> china. >> china. >> china. >> china also getting more than a few mentions during the presidential campaign, probably because it's pretty clear that china is both a competitor and a partner. >> number four, europe. the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally, finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well-healed investors began buying entire neighborhoods, but first-time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty down payment. >> number two. cnn projects that barack obama will be re-elected president of the united states. >> the election. more than just about obama and romney, it was about socialism and capitalism, about spe
the time decorating with a christmas tree and stockings left behind from an earlier expedition. >> china has opened the world's longest high-speed rail line. it runs nearly 1,500 mi. from the country's capital and the north of guanmgzhou, in southern china. the line officially opened earlier this morning. trains on this high-speed online will initially run at 186 mi. per hour with a total travel time of about eight hours. before, the fastest time between the two cities by train was more than 20 hours. the chinese government plans to build a grid of high-speed railways which for east-west lines and for north-south lines by 2020. >> we will be right back. hey, look! a shooting star! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new v
have as in this for a while. i think there is always china, europe, and the congress that can miss this up. i think it is hard to stop this recovery. we have done everything we can to do it. we can do it again if we try hard. i think we will not succeed this time. >> we have not talked about the creation yet, which polling showed is a major concern for americans. for the long-term unemployed who have been left behind a little bit and then to the economic recovery, do you feel like the president and congress is doing enough to address the problem? what politically and realistically could be done in the next four years? >> i think the president is committed to this. i think he would like to see an extension of unemployment insurance. he would like to see it if possible an extension of the payroll tax cut. we just released a $4 trillion deficit revenue plan that calls for four and a billion dollars in short-term stimulus. we think there is a need for a infrastructure and roads and bridges. we think it has to happen sometime in the next 20 years. we have a situation with incredibly low
. ultimately it helped to work. a lot of people supported that. people say, apple, they do business in china. these workers are virtually slaves. i will never own the stock. if that is the case they missed out on an investment unless they bought two weeks ago, an investment of a lifetime. so where do you find the way to draw the line? i've got to tell you something, this thing is urban outfitters is more reflective of society, not a company of really the have garrity in society today amongst young people is at the point where i talk about this all the time. i think pendulum has swung so far it can't get much further. lori: do you the think the stock surge up 34% year-to-date, urban outfitters because of shocking nature of stuff? kids in way to rebel and spicy putting it as nicely as i can? what is going on with the store that is generating interest? >> they are ahead of the curve. real hip store called supreme. they have a location in l.a. and soho. urban bought them. it was a brilliant move. this was underground success. they sell it throughout everywhere. it is a real smart retail play. i
. export orders, a sign of weakness there and in china and in some of the pmi figures that we got across europe. so the theme that is emerging, while germany even showed some signs perhaps of strength in its service sector, there's still concern about global growth prospects. for that reason, all the more reason why perhaps it's important for policymakers to be proactive, including mario draghi. back over to you guys. >> thank you for that. who is going to be the squawk perpendicular of the year, joe? >> you mean if we pick one? >> if we pick one. >> we have to pick one that's not obvious. >> like mcafee, maybe. i had an opportunity to pick business person of the year and i picked richard scrusi. it's so hard to find an honest cfo. remember the guy that helped out? i think he was on his way up the river or something. you have to pick it so there's an edge to it. >> like leo apatae or something like that. >> no, like mcafee. i didn't mention that, but he may get the squawk person of the year award today. it depends on how he answers your probing -- your father was a litigator, right? >> t
economically, china being the biggest case of this, turning out millions of engineers, scientists, jumping up in productive and technology and they made some interesting calculations of course, the numbers are, you know, a little bit subject to question, but they're trying to add up the factors that create global power, whether it's the size of the economy, or the amount of research and development countries are doing, or the level of education of the population or the military. so basically we see that the u.s. that was so dominant 40 years ago, we know that our dominance has been going down relative to other countries is basically going to become one of a few superpowers, but not only the superpower. >> so other countries are catching up. how does that have to do with what we all talk about as the decline we see happening here and how real is it? >> i think what this report rightly stresses is that there are a number of things going on. one is that others are catching up. and the other is that we have got many problems that we're not attending to. >> what is for real? >> one thing that's fo
vacuum cleaner. sucking into the united states the net exports of europe, japan, and lately china. thus providing exporters -- germany, japan, or china -- with the requisite demand necessary. to keep the factories going. so, the ever expanding trade deficit was not an accident. it was a very clever way of replacing one that surplus recycling system with another. the first one, it was one where america had a surplus and america decided instead of doing what germany is doing at the moment -- which is cutting its nose to spite its face, and thereby entering into recession by cutting, cutting, cutting -- volcker and kissinger initially, and then volcker as the head of the fed had a different idea. we are going to expand our dominance and our wealth by expanding our deficit and using our deficits to provide the rest of the world with the demand which is necessary to grow their economies, even at the expense of ours. and who is going to pay for the deficit? if i have an ever-expanding deficit, the bank tells me it is game over. but if you are the united states of america and you have the rese
forces. itn's john sparks reports on police officers in china, and their accusations of widespread corruption by local officials. and jeffrey brown samples the poetry about greece's financial woes and its austerity measures. that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: the election commission in egypt confirmed today the new constitution won nearly 64% of the vote in a referendum. the panel also reported turnout was just a third of the country's 52 million registered voters. president mohammed morsi and his muslim brotherhood backed the draft constitution. opponents warned it paves the way for islamic rule and curbs on civil liberties. the six persian gulf arab nations demanded an end to what they called iranian interference. they issued a statement today at the end of the gulf cooperation council's annual summit. the statement gave no details. the six u.s. allied countries, also called for swift international action to end the bloodshed in syria. in central asia, a military plane crashed early this morning in kazakhstan killin
. unlike shin, park had seen the outside world. he'd lived in pyongyang and traveled in china, and he began to tell shin what life was like on the other side of the fence. >> shin: i paid most attention to what kind of food he ate outside the camp. >> cooper: what kind of food had he eaten? >> shin: oh, a lot of different things-- broiled chicken, barbecued pig. the most important thing was the thought that even a prisoner like me could eat chicken and pork if i were able to escape the barbed wires. >> cooper: i've heard people define freedom in many ways. i've never heard someone define it as broiled chicken. >> shin: i still think of freedom in that way. >> cooper: really? that's what freedom means to you? >> shin: people can eat what they want. it could be the greatest gift from god. >> cooper: you were ready to die just to get a good meal? >> shin: yes. >> cooper: he got his chance in january 2005, when he says he and park were gathering firewood in this remote area near the electrified fence. as the sun began to set, they decided to make a run for it. >> harden: and as they ran towards
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